After claiming the Democrats did “jiu jitsu” on the $2 trillion coronavirus aid package in order to focus more on individuals rather than corporations, Speaker Nancy Pelosi, who turns 80 today, said the House will take up the measure tomorrow. 

While she said Thursday that she is “very proud of the product” and expects it to pass with strong bipartisan support, she does not expect unanimous consent. 

Echoing warnings of public health officials nationwide, Pelosi said getting coronavirus under control “won’t happen unless we respect science, science, science. And for those who say we choose prayer over science, I say science is an answer to our prayers.” 

Pelosi, who worked closely with Treasury Secretary Steven Mnuchin on negotiating the Phase III bill, said “with all the respect in the world” for Mnuchin, “there was this idea they put forth there would be a $500 billion slush fund for the Secretary of the Treasury with no accountability, whatsoever. Are you kidding?” Pelosi said she is pleased the new language in the bill has a Treasury inspector general and a five-person Congressional oversight committee to oversee the distribution of those funds. 

Pelosi is expected to introduce the 880-page Coronavirus Aid, Relief, and Economic Security (or CARES) Act to the House tomorrow. House Majority Leader Steny Hoyer said the chamber will likely consider the bill by voice vote, with an option for House members to debate on the floor. 

The bill faced last-minute opposition from both sides of the Senate aisle. Some Republicans argued provisions of the act disincentivized people from working while Democrats argued there was too much relief for corporations, rather than individuals. 

While listing off changes to the bill that she was happy with, Pelosi noted that money to major corporations like airlines are conditional upon those funds going directly to workers. 

“With all three of our bills, we have put families and workers first,” she said. She also expressed hope that a potential Phase IV of the relief bill will offer even more worker protections and increased state and local funding. 

As she urged people to continue staying home and following warnings of health officials, Pelosi said “the markets are not going to succeed unless we take care of people,” she said. 

Without naming the president directly, Pelosi pushed back on the administration’s suggestion that the federal government ease social distancing guidelines and urged him to invoke the Defense Production Act to increase production of ventilators and coordinate distribution. If the nation does not act carefully, she warned “the light at the end of the tunnel may be a train coming at us.” 

She also said she was disappointed that Republicans would not agree to an increase in food stamp benefits. In response, she has included that as a priority for another phase of the deal. Other priorities include expanding Family and Medical Leave Act and workplace health and safety protections, expanding the allowance of pension smoothing, and creating a better funding formula for the District of Columbia, which was classified as a territory rather than a state in the Phase III plan. 

Though Pelosi said ‘nothing surprises me around here,” she found it “curious” that Washington D.C. was treated “in a very discriminatory way.”

“It doesn’t make sense unless you have some other motivation,” she said. 

Still, Pelosi said, “We will have a victory tomorrow for America’s workers.” 

But although she may be planning to celebrate a legislative victory tomorrow, her more personal birthday celebration will have to wait until she can hug her grandchildre

Share:
More In Politics
Powell signals Federal Reserve to move slowly on interest rate cuts
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
Federal Reserve cuts key rate by quarter-point, signals two more cuts
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
Albania’s prime minister appoints an AI-generated ‘minister’ to tackle corruption
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
Trump admin requests emergency ruling to remove Cook from Fed board
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
Trump administration appeals ruling blocking firing of Fed Governor
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Load More